Read to Achieve Foundation
Read to Achieve Foundation is a private foundation based in Cupertino, California. Its 2025 filing reports grants to charitable organizations, including organizations in California, New York, and Maine, as well as recipients outside the United States.
Read to Achieve Foundation at a glance
In short: Read to Achieve Foundation gave $8K across 12 grants in 2025 (avg $682.75), top state California. 58% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $8,193
- +3.3% vs 2024
- Grants made (2025)
- 12
- +9.1% vs 2024
- Average grant
- $683
- -5.3% vs 2024
- Median grant
- $181
- Total assets
- $1,101,379
- +0.8% vs 2024
- New grantees (estimate)
- 58% first-time grantees (7 of 12, 2025; small sample)
- Primary geography
- California (41% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Read to Achieve Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states on its 2024 filing that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 10826 Brookwell Dr, Cupertino, CA 95014
Phone: (408) 242-2804
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Read to Achieve Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Bulgari SpA ($2K). Together the top 10 received $8K.
Grant Size Distribution
61 grants across all recorded years
The most common grant size was under $50K: 61 grants of 61 (100%).
Geographic Focus
Where this funder awards grants
The 2025 grant dollars were reported as 41% to recipients in California, 28% in New York, 24% in Maine, 1% in Connecticut, and 6% in an unspecified state category. The listed grants also include recipients identified outside the United States.
Grant Distribution by State
Share of 2025 grant dollars across all 12 itemized grants.
Cities
Is Read to Achieve Foundation open to new grantees?
58%
first-time grantees, 2025
In 2025, 7 of 12 grantees (58%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $792; repeat grants $529. How we count
Medians: $122 first-time, $240 repeat.
- 17% of 2025 grantees were also funded in 2024. Method
- Giving fell 54% from 2022 to 2025. Method
- In 2025 it paid out 60% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $6K (2021) to $18K (2022). In 2025 it made 12 grants totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bulgari SpA New York, NY | Charitable | $2,270 |
| CIEE (Council on International Educational Exchange) South Portland, ME | Charitable | $2,000 |
| Family Giving Tree Milpitas, CA | Charitable | $1,200 |
| Humane Society Silicon Valley Milpitas, CA | Charitable | $1,100 |
| The Salvation Army USA Western Territory South San Francisco, CA | Charitable | $1,041 |
| Doctors Without Borders | Charitable | $240 |
| Basilica di San Marco | Charitable | $122 |
| Save the Children Fairfield, CT | Charitable | $72 |
| Arc de Triomphe | Charitable | $54 |
| Vatican City Donation (Holy See) | Charitable | $43 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,101,379 | $59,824 | $59,667 | $8,193 | 12 | $48,576 | $24,153 | $80,750 |
| 2024 | $1,092,934 | $85,833 | $76,887 | $7,934 | 11 | $55,222 | $18,116 | $67,394 |
| 2023 | $1,083,040 | $178,930 | $66,765 | $15,099 | 12 | $45,124 | $24,132 | $54,675 |
| 2022 | $977,500 | $399,664 | $59,354 | $18,001 | 16 | $38,204 | $80,516 | $44,303 |
| 2021 | $630,411 | $381,818 | $58,721 | $5,997 | 10 | — | $54,262 | $26,616 |
Under IRS private-foundation payout rules, Read to Achieve Foundation reported a distributable amount of $81K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants went to organizations with varied purposes. For example, Humane Society Silicon Valley says its mission is to save lives, keep families together, and create a better future for pets and their people. Goodwill of Silicon Valley says its mission is to support employees, customers, and people facing barriers to employment, raising their standard of living and improving their lives through services and social enterprise.
Grantmaking
In filing year 2025, the foundation reported 12 grants totaling $8,193. Grant amounts ranged from $17 to $2,270, with a median of $181. Notable recipients included Bulgari SpA ($2,270), CIEE (Council on International Educational Exchange) ($2,000), Family Giving Tree ($1,200), Humane Society Silicon Valley ($1,100), and The Salvation Army USA Western Territory ($1,041). The listed grant purposes were charitable.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists FAN WAN LAI as CEO and ADA HO-YING KWAN as CFO.
Read to Achieve Foundation is led by Fan Wan Lai, CEO on every filing since 2021; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Fan Wan Lai
CEO
On filings since 2021
2 hrs/week
No compensation reported
Ada Ho-Ying Kwan
CFO
On filings since 2021
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Read to Achieve Foundation
How much does Read to Achieve Foundation give each year?
Read to Achieve Foundation gave $8K across 12 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $8K across 11 grants.
What is Read to Achieve Foundation's typical grant size?
Read to Achieve Foundation's median grant in 2025 was $181, and its average grant was $683, across 12 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Read to Achieve Foundation that year got $792 on average.
Where does Read to Achieve Foundation give grants?
Read to Achieve Foundation's top state is California, with 41% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were New York (28%) and Maine (24%). The most frequent recipient cities were Milpitas, CA (2 grants).
Does Read to Achieve Foundation give general operating support?
Not in 2025: none of the 12 grants with a stated purpose on Read to Achieve Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (12 grants).
Who are Read to Achieve Foundation's largest grantees?
Read to Achieve Foundation's largest 2025 grantees include Bulgari SpA ($2,270), CIEE (Council on International Educational Exchange) ($2,000) and Family Giving Tree ($1,200), according to its 2025 IRS Form 990-PF. Together they received 67% of its itemized 2025 grant dollars.
How large is Read to Achieve Foundation?
Read to Achieve Foundation reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $49K in qualifying distributions that year, against a required minimum of $81K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Read to Achieve Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants went to organizations with varied purposes. For example, Humane Society Silicon Valley says its mission is to save lives, keep families together, and create a better future for pets and their people. See mission & focus areas ↑
How do I apply for a grant from Read to Achieve Foundation?
The foundation states on its 2024 filing that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Read to Achieve Foundation's EIN?
Read to Achieve Foundation's EIN (Employer Identification Number) is 47-5016243. IRS Form 990 filing data is available on this page for 2021–2025.
Does Read to Achieve Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Read to Achieve Foundation funds
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Read to Achieve Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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